Company Overview
Pen Underwriting Limited is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Wednesday 07 July 2004, so this is a well established company. Pen Underwriting Limited has been in business for 19 years and 10 months. The accounts status is full and the accounts are next due on Monday 30 September 2024.
Registered Address

The Walbrook Building, 25 Walbrook, London, EC4N 8AW
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Companies House Data
Company NamePEN UNDERWRITING LIMITED
Company Number05172311
Registered Office AddressThe Walbrook Building
 25 Walbrook
 EC4N 8AW
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date07/07/2004
Accounting Reference Date Day31
Accounting Reference Date Month12
Accounts Next Due Date30/09/2024
Accounts Last Made Up Date31/12/2022
Accounts Account CategoryFULL
Returns Next Due Date27/07/2017
Returns Last Made Up Date29/06/2016
Previous Company NameChanged Date
OIM UNDERWRITING LIMITED29 Sep 2015
OXYGEN INSURANCE MANAGERS LIMITED17 Sep 2008
OXYGEN INSURANCE INTERMEDIARIES EMA LIMITED07 Oct 2004
Directors & Members
Show Resigned
David Cousins - Director
(British, 51 years old, born January 1973)
Company Director - Appointed 21 June 2021
 Active
Charles Crawford - Director
(British, 60 years old, born March 1964)
Company Director - Appointed 14 March 2024
 Active
Tom Downey - Director
(Irish, 57 years old, born November 1967)
Company Director - Appointed 10 September 2018
 Active
James Drummond-Smith - Director
(British, 64 years old, born February 1960)
Company Director - Appointed 14 March 2024
 Active
Simon Green - Director
(British, 61 years old, born October 1963)
Company Director - Appointed 13 July 2017
 Active
Susan Langley - Director
(British, 61 years old, born July 1963)
Company Director - Appointed 14 March 2024
 Active
Secretaries
Show Resigned
Other Company Directorships
David Cousins
INSURE MY VILLA LIMITED
JUST LANDLORDS INSURANCE SERVICES LTD
UNOCCUPIED DIRECT LIMITED
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Charles Crawford
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Tom Downey
INSPIRE UNDERWRITING LIMITED
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James Drummond-Smith
No companies found
Simon Green
ARTHUR J. GALLAGHER HOLDINGS (UK) LIMITED
ARTHUR J. GALLAGHER INSURANCE BROKERS LIMITED
Susan Langley
ARTHUR J. GALLAGHER (UK) LIMITED
Balance Sheet Unlock full report
Accounts Date 31-Dec-2022 31-Dec-2015 31-Dec-2014
Balance Sheet
Fixed Assets 17,913,000 17,913,000 15,536,000
Current Assets 43,694,000 43,694,000 57,119,000
Creditors Due Within One Year 39,956,000 39,956,000 45,261,000
Working Cap 3,738,000 3,738,000 11,858,000
Total Assets Less Current Liabilities 21,651,000 21,651,000 27,394,000
Long-term Liabilities 3,093,000 3,093,000 4,817,000
Net Assets 18,558,000 18,558,000 22,577,000
Share Capital & Reserves
Share Cap 23,825,000 23,825,000 23,825,000
Profit & Loss Reserves -5,267,000 -5,267,000 -1,248,000
Other Reserves 0 0 0
Shareholders Funds 18,558,000 18,558,000 22,577,000
Common Size Financial Analysis Unlock full report
Accounts Date 31-Dec-2022 31-Dec-2015 31-Dec-2014
Tangible Fixed Assets - - -
Fixed Assets 29.1% 29.1% 21.4%
Stocks Inventory 0.0% 0.0% 0.0%
Debtors 26.8% 26.8% 35.3%
Cash Bank In Hand 21.3% 21.3% 21.5%
Current Assets 70.9% 70.9% 78.6%
Creditors Due Within One Year 64.9% 64.9% 62.3%
Net Current Assets Liabilities 6.1% 6.1% 16.3%
Creditors Due After One Year 5.0% 5.0% 6.6%
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability 30.1% 30.1% 31.1%
Called Up Share Capital 38.7% 38.7% 32.8%
Share Capital Allotted Called Up Paid 38.7% 38.7% 32.8%
Profit Loss Account Reserve -8.5% -8.5% -1.7%
Shareholder Funds 30.1% 30.1% 31.1%
Capital Employed - - -
Total Assets Less Current Liabilities 35.1% 35.1% 37.7%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Dec-2022 31-Dec-2015 31-Dec-2014
Liquidity Ratio 1.1 1.1 1.3
Solvency Ratio 1.4 1.4 1.5
Reserves to Assets -0.1 -0.1 0.0
Secured Creditors Unlock full report
Mortgages Charges 0
Mortgages Outstanding 0
Mortgages Part Satisfied 0
Mortgages Satisfied 0
Assets and Debt Analysis Unlock full report
Accounts Date 31-Dec-2022 31-Dec-2015 31-Dec-2014
Assets 61,607,000 61,607,000 72,655,000
Debt 43,049,000 43,049,000 50,078,000
Net Assets/Debt 18,558,000 18,558,000 22,577,000

The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.

The current section of the balance sheet has positive working capital. We would normally consider this positively. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet indicates the net assets of a good sized company. The amount of net assets suggests sufficient cover for total debts and obligations for the size of the company inferred by the balance sheet.

Unlock full report  The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.The current section of the balance sheet has positive working capital. We would normally consider this positively. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet indicates the net assets of a good sized company. The amount of net assets suggests sufficient cover for total debts and obligations for the size of the company inferred by the balance sheet.   The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.The current section of the balance sheet has positive working capital. We would normally consider this positively. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet indicates the net assets of a good sized company. The amount of net assets suggests sufficient cover for total debts and obligations for the size of the company inferred by the balance sheet.

This review of public record balance sheet and company status information is presented under the terms of Open Government Licence and is for informational purposes only, is general in nature, and is not intended as an opinion or advice for any specific circumstances. The commentary and the colour band score is not a credit rating or credit risk assessment.

This review does not constitute a full credit rating or credit risk assessment based on the full analysis and credit score algorithms used in our credit reports. A full credit report may also provide information relating to trade payment history and county court or court judgments if any.

Public Record Information Unlock full report
Exact Court Judgements
Period of Months Last 12m 13-24m 25-36m 37-48m 49-60m 61-72m
Number of Exact CCJS X Y Y X X Y
Value of Exact CCJS YXY YK S S X KX
Supplier Credit Limits Unlock full report
Date Sector Notified Amount Terms
XK-SXY XKXYXK SXSKXYXK £X,000 XS XYSKS
SK-SYY SKXYXKYKKY KSXX KKXXYXS £YY,000 YS XYSKS SK YXXSXS
YK-SXY XKXYXYYK SXSXYXK £SX,000 XS XYSKS
Payment Records Unlock full report
Payment Records from it's suppliers' company ledger show how a company is paying its suppliers

Payment Analysis

Total Invoices Paid Before
30 days due		 Paid After
30 days due		 Owing Before
30 days due		 Owing after
30 days due
XYX SX K YX X
Company Valuation Analysis Unlock full report

Going Concern Valuation

The going concern valuations value the company on the basis that it continues to trade without the threat of liquidation for the foreseeable future. These valuations are primarily profit and cashflow based.

Valuations Valuation Measures
Estimated High Value £XSI,000 Retained Profit £YX,000
Estimated Mid Value £YY,000 EBIT £SY,000
Estimated Low Value £X,000 EBITDA £SSX,000

Liquidation Valuation

The liquidaton valuation values the company as if it were to cease trading and assets were subject to rapid disposal to cover liabilities. This valuation is primarily asset based.

Valuations Valuation Measures
Estimated High Value £XY,000 Total Assets £XIX,000
Estimated Mid Value £Y,000 Net Assets £YX,000
Estimated Low Value £S,000 Tangible Equity £SX,000

The above valuations are based on our own algorithms and take no account of many factors that can influence actual valuations realized and should not therefore be assumed to be accurate.
Credit Status Checklist Unlock full report
Business Growth Please purchase a report to see true comments
EBITDA Purchase a report to see true comments
Dividends Please purchase a report to see true comments about this company
Retained Profits Retained Profits for this company
Debt Interest Debt Interest for this company
Cash Flow Cash Flow for this company
CCJs CCJs for this company
Age of Company Age of Company for this company
Solvency Solvency for this company
Secured Creditors Secured Creditors for this company
Ownership Ownership for this company


First Report Score: (0-10) X
Financial Status Guide:
10 Very Strong
9 Strong
8 Very Good
7 Good
6 Above Average
5 Average
4 Below Average
3 Poor
2 Weak
1 Very Weak
0 Critical

Risk Score Trend

Risk Rating Unlock full report

This is the credit risk assessment used by one of the top UK credit reference agencies.

Risk Score (1-100) X
Risk Band Description XXMXMXMX SISX
Risk Assessment Meeting of Creditors
Credit Rating XSKX
Altman Z Score Credit Risk Rating Unlock full report

There have been many bankruptcy predictors developed, however none has been so thoroughly tested and broadly accepted as the Altman Z-Score.

Z Score X
Risk Band XY
Risk Band Description The Z Score is not used for small companies where full accounts are not filed because profit and loss account items are required to calculate the score.

Z Score Bands

1 Low Risk 3.00 and above
2 Caution 2.63 - 2.99
3 Risk of Failure within 2 years 1.24 - 2.62
4 High Probability Failure Below 1.24
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Document Filings
Appointment of Louise Alexandra Virginia Patten as a director on 14 March 2024
Termination of appointment of Matthew Lucas as a director on 14 March 2024
Termination of appointment of Nicholas Lloyd Wright as a director on 14 March 2024
Appointment of Ms Susan Carol Langley as a director on 14 March 2024
Appointment of Mr Charles Robertson Crawford as a director on 14 March 2024
Appointment of Mr Charles Douglas Knowles Scott as a director on 14 March 2024
Appointment of Mr James Drummond-Smith as a director on 14 March 2024
Termination of appointment of Jennifer Louise Strutt as a director on 14 March 2024
Termination of appointment of Catriona Anne Thomson as a director on 14 March 2024
Change of details for Gallagher Holdings (Uk) Limited as a person with significant control on 30 September 2016
Appointment of Mrs Catriona Anne Thomson as a director on 12 July 2023
Termination of appointment of Sarah Breslin as a director on 1 July 2023
Confirmation statement made on 29 June 2023 with no updates
Confirmation statement made on 29 June 2022 with no updates
Termination of appointment of Trevor Philip Newbery as a director on 1 November 2021
Appointment of Mr Nicholas Lloyd Wright as a director on 29 July 2021
Confirmation statement made on 29 June 2021 with no updates
Appointment of Mr David Michael Edwin Cousins as a director on 21 June 2021
Appointment of Mr Matthew Lucas as a director on 11 January 2021
Termination of appointment of Charles Douglas Scott as a director on 1 January 2021
Termination of appointment of Carol Richmond as a director on 1 January 2021
Termination of appointment of Praveen Panicker as a director on 16 December 2020
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